A trust may be taxed as either a grantor trust or a nongrantor trust. Each type of trust has advantages and disadvantages. This article examines a grantor trust and situations in which it might be useful.
- Trustee: an Honor and a Responsibility - October 14, 2021
- How to Provide For Your Children After You’re Gone - October 13, 2021
- Changing “Irrevocable” Trusts Through Judicial and Nonjudicial Modification - October 12, 2021